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Ranking Top 10 World’s Best Yet Cheapest Countries To Live In

Cheapest Countries To Live In

Imagine yourself living in a beautiful country where all your living expenses are covered under $900. Sounds amazing? It’s true! These are the 10 cheapest countries to live in where all your basic living needs can be fulfilled under $1,000.

These countries are not just inexpensive but also offer glorious places to explore. So, you can build your dreams without being afraid of budget. 

Based on accommodation and other living expenses, we have shortlisted the top 10 world’s best yet cheapest countries to live in. From far Eastern waves to tropical wonders in the Central USA, these countries are just perfect for someone who loves solitary. Gauge through the quick list of the cheapest countries to live in the world!

  1. Indonesia – $340 
  2. Bolivia – $431 
  3. Nepal – $450 
  4. Vietnam – $500 
  5. Argentina – $542 
  6. Peru – $543 
  7. Mexico – $587 
  8. Malaysia – $588 
  9. Thailand – $679 
  10. Cambodia – $812

World’s Top 10 Cheapest Countries to Live In

The following countries and cost of living have been shortlisted after in-depth research from various sources over the Internet including BestPlaces.net, Wealthy Gorilla, and Wikipedia. Also, the cost of living given is for singles!

Let’s check out the cheapest countries to live in:

10. Cambodia

Cambodia

The average cost of living in Cambodia is approx $812 a month yet it is the costliest country on our list. Located in SouthEast Asia, Cambodia is one of the cheapest countries to live in. Span across 181,035 kilometers, “The Kingdom of Cambodia” shares its borders with Thailand, Laos, Vietnam, and The Gulf of Thailand.

Currency: Riel (KHR)

Cheapest City: SihanoukvilleCost of Living: Housing: $246, Food: $270, Transportation: $100, Entertainment: $100, and others.

9. Thailand

Thailand

Ninth among the cheapest countries to live in, Thailand is perfect in all aspects. It covers 513, 120 kilometers and the fifth largest country in the world with a total population of just 69 million people. That’s great!

Currency: Thai Baht

Cheapest City: Chiang MaiCost of Living: Housing: $199, Food: $201, Transportation: $80, Entertainment: $70, and others

8. Malaysia

Malaysia

Next on the list of the cheapest countries to live in the world is Malaysia. It costs around $588 for monthly accommodation, food, and other expenses. This is a modern country where people are so friendly and the crime rate is low. Malaysia is not so big yet it consists of Thirteen states and 3 federal territories. Here in Malaysia, eating costs nothing as you can enjoy a beer for only $1.87 and a basic meal for $1.70.

Currency: Malaysian ringgit

Cheapest City: Kuala Lumpur Cost of Living: Housing: $200, $Food: $150, Transportation: $70, Entertainment: $80, and others

7. Mexico

Located in the Southern part of the United States, Mexico is the fourth of the cheapest countries to live in the world. It shares borders with the Pacific Ocean, Guatemala, Belize, and the Gulf of Mexico. The fifth-largest nation in America, Mexico gives shelter to over 129 million people. Most of these follow Catholicism.

Currency: Pesos (MXN)

Cheapest City: Queretaro Cost of Living: Housing: $256, $Food: $100, Transportation: $50, Entertainment: $80, and others

6. Peru $543

The 6th cheapest country to live in the world, Peru is a Spanish-speaking country and worth visiting if you are looking for some beautiful yet cheapest countries to live in. 

With an average cost of living around USD 543 monthly, Peru is a popular tourist place known for its glorious natural delights. Bordering Ecuador, Colombia, Brazil, Bolivia, and the Pacific Ocean, Peru is a prosperous country to live in.

Around 32.17 million people are currently living in Peru, making it one of the cheapest countries to live in the world. Additionally, the employment in Peru is too good. Being a popular tourist place, it gives amazing opportunities to earn and live happily.

Currency: Sol (pen)

Cheapest City: Arequipa Cost of Living: Housing: $198, $Food: $80, Transportation: $50, Entertainment: $50, and others

5. Argentina – $542

Coming in at 5th on the list of the cheapest countries to live in, Argentina is as beautiful as heaven yet living in this splendid country costs merely $542 a month.

Bordering Chile, Bolivia, and the South Atlantic ocean, Argentina is a Spanish-speaking country. The eighth-largest country in the world has a total of 44 million people residing in the mainland area of 2,780,400 Km square.

If you are considering living in the cheapest country, heading to Argentina might be the best option but food might be a bit expensive. Check the cost of living here:

Currency: Argentine Peso

Cheapest City: Miramar Cost of Living: Housing: $120, $Food: $100, Transportation: $40, Entertainment: $50, and others

4. Vietnam – $500

Vietnam

One of the most beautiful and peaceful countries in the world, Vietnam will cost you nothing but just $500 for a monthly living. It means you just either plan a one-month trip to this splendid place or just settle here. 

One of the cheapest countries to live in the world, Vietnam shares its borders with China, Laos, and Cambodia – peaceful countries by far.

Vietnam homes to approximately 95.5 million people living across 331,212 kilometers. The capital city Hanoi is a tourist attraction, but Chi Minh is perhaps the most populated. Here are some other details about living in Vietnam.

Currency: Vietnamese dong

Cheapest City: Nha Trang Cost of Living: Housing: $230, $Food: $50, Transportation: $40, Entertainment: $70, and others

3. Nepal – $450

India’s nearest country, Nepal is one of the most peaceful countries in the world. Making 3rd place on the list of the cheapest countries in the world to live in. It lies in SouthEast Asia in the foothill of the Himalayas. 

It has a total population of 29.3 million living across 141,181 kilometers. Bordering India and China, Nepal is the 48th largest country by population. Here’s how much it costs to live in Nepal.

Currency: Nepalese Rupee

Cheapest City: Kathmandu and Pokhara Cost of Living: Housing: $200, $Food: $100, Transportation: $50, Entertainment: $80, and others

2. Bolivia – $431

Bolivia is a landlocked country, remotely settled in the Western part of South-America. Approximately 11.5 million people are currently living across 1,098, 581 kilometers. Although, it attracts thousands of tourists yearly – making it a sustainably rich country.

The 27th largest in the world, Bolivia is the 5th largest country in South America, and the first choice of American Indians, Africans, Asians, Europeans, and Mestizos as well.

If you know Spanish as well, it would be a boon to live in Bolivia because Spanish is the official language of this country. However, there are 36 other languages speaking in this country.

Currency: Bolivian boliviano

Cheapest City: La Paz Cost of Living: Housing: $150, $Food: $30, Transportation: $50, Entertainment: $50, and others

1. Indonesia – $340

So, here is the cheapest country to live in the world. Indonesia is a beautiful country offering a range of recreational activities.

The Republic of Indonesia lies between the Indian and Pacific Oceans, in South-East Asia. Embracing around 17,000 islands, Indonesia is the world’s largest Island country and has a total population of around 264 million people. Additionally, you can visit amazing places including Bali and Jakarta.

Currency: Indonesian rupiah

Cheapest City: Senggigi

Cost of Living: Housing: $125, $Food: $30, Transportation: $20, Entertainment: $40, and others
We hope you enjoyed our pick of the cheapest countries to live in the world. If you like this then check out the Top 10 Most Engrossing Canal Cities In The World.

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